Innscor, through its subsidiary, Bakers Inn, is targeting bread production capacity of 1 million loaves a day by 2015, group chief executive John Koumides has said. He said this after the commissio...
Construction of the US$160 million Hilton Hotel and office complex along Samora Machel Avenue in Eastlea is set to begin in October, Harare town clerk Dr Tendai Mahachi has said.The development that...
Listed financial services group FBC Holdings, faced with the possibility of failing to meet new minimum capital requirements by 30 June, plans to surrender its FBC Building Society licence to regulat...
Cheap imported clothes from China, as well as clothes donated to charities which find their way to markets, are taking a heavy toll on Zimbabwe s once proud textiles industry.http://www.youtube.com/...
TELECEL Zimbabwe Ltd, a unit of Orascom Telecom Holdings Ltd, sees an opportunity expanding banking services via mobile phones as it seeks to generate higher revenue per user, general manager Angelin...
Telecel prepaid customers can now make calls for double the value of the airtime they purchase, regardless of who they are calling, as long as the call is a local call.The Mega Bonus Reloaded Promoti...
Government has called on local companies to align their capitalisation programmes with the Industrial Development Policy so as to stimulate recovery and growth of the economy Acting President Jo...
The informal sector contributes around 19.5% of Zimbabwe's gross domestic product or a total value added of $1.73 billion. According to figures from Zimstat the total value added for the inform...
The mainstream Industrials raced past the 215 barrier for the first time since dollarisation on Thursday amid improving activity on the floor with 14 counters managing gains out of the 31 that traded...
Lafarge last night launched a new brand communication campaign which changes the baseline to 'building better cities' from 'bringing materials to life'. The group says the new baseline mirrors the ch...
Youth Development, Indigenisation and Economic Empowerment Minister, Saviour Kasukuwere told parliament the deal struck between his ministry and Brainworks, a consultant firm on indigenisation, was...
Innscor's Bakers Inn will in September commission a new pie making plant which will raise capacity to 200 000 pies from the current 12 000 daily.Bakers Inn General manager Ketan Patel said during a t...
The Egyptian owners of Telecel Zimbabwe, Oracom Telecom, revealed yesterday that they are in talks to sort out the license renewal issues they have with the government and local telecommunications re...
FIXED telephone services provider TelOne will in July this year commission the Bulawayo-Victoria Falls fibre optic cable ahead of the United Nations World Tourism Organisation General Assembly in Aug...
MEIKLES Limited will start mining operations next year after its investment vehicle, Meikles Resources obtained a special mining grant in the Midlands province, the group said yesterday.The special g...
FORMER Telecel Zimbabwe chief executive officer Francis Mawindi has challenged his dismissal and is demanding over $1 million in damages or reinstatement as details emerge that he was firedMawindi ha...
ZSE's Industrials advanced to another fresh high on Wednesday with buyers still looking in selected counters albeit in thin trades.The Industrials Index gained 1.18 or 0.55% to 214 points with Innsc...
NETONE'S OneWallet mobile money service has proven its mettle as the most secure mobile money service in Zimbabwe..This mobile money service is expanding in leaps and bounds as NetOne aggressively i...
AfrAsia Bank, the Mauritius-based bank with a growing presence in South Africa and Zimbabwe, has been recognised as the 'Best Bank in Southern Africa 2013' at the annual African Banker Awards ceremon...
Afre reported a decline in profitability in the four months to April but the group is on course to post a surplus at the end of the financial year, CE Doug Hoto told the AGM this morning.Gross Premiu...
The decrease in the prices of fuel last month has impacted positively on the prices of most basic commodities which have gone down considerably resulting in a decline in the cost of living.Fuel pric...
FORMER Zimbabwe Stock Exchange listed drug maker Caps Holdings is on the on the brink of collapse after the High Court sheriff ordered the sale some of its assets to pay off money owed to CBZ Bank. A...
Industrials recovered on Tuesday from yesterday's losses largely on gains in Delta and Innscor as reasonable buyers resurfaced in some counters.The Industrials Index recovered 1.49 points or 0.71% t...
Afre Corporation has changed its name to First Mutual Holdings Limited after an independent consultant told the firm that the current brand has a low visibility in the market and lacks clear associat...
Delta Corporation has said it is in the process of complying with the indigenisation policy and has since submitted its road map to the government.CE Pearson Govero told the Imara Investment Conferen...